Seiren Co.,Ltd. announces an Equity Buyback for 1,200,000 shares, representing 2.24% for ¥3,000 million.
November 08, 2023 at 01:00 am EST
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Seiren Co.,Ltd. (TSE:3569) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 2.24% of the outstanding shares for ¥3,000 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns.
The program will run until May 8, 2024. As of September 30, 2023, the company had 53,685,144 shares outstanding and 10,948,502 shares in treasury.
Seiren Co Ltd is mainly engaged in the vehicle materials, high fashion, electronics, environment and living materials, and medical businesses. The Company operates through five segments. The Vehicle Material segment manufactures and sells automotive sheet materials and airbags. The High Fashion segment offers various apparel textile products and synthetic fabrics. The Electronics segment manufactures and sells electromagnetic shielding materials, sells Viscotex systems, and manufactures and sells satellites and satellite parts. The Environment and Living Materials segment manufactures and sells construction materials, interior materials, health and nursing care products, and various living and living materials. The Medical segment manufactures and sells cosmetics and medical base materials. In addition, the Company is also engaged in software development and sales, insurance agency business, temporary staffing business, and real estate rental management business.
SEIREN CO.,LTD. 
